A UK construction firm has ceased trading after collapsing into administration, resulting in significant job losses.
Torsion Construction Limited, based in Leeds and founded in 2015, specialised in residential and living sector developments and employed 115 people.
The firm had delivered £287 million worth of projects across the UK, including in major cities such as York, Birmingham, Manchester, and Newcastle.
PROJECT UPDATE: Lancaster Wharf, Birmingham
Our 23-story, 266-apartment development. Façade work underway and internal fit-out advancing rapidly, we’re on track for a winter 2025 handover. Exciting times ahead for the city’s skyline! #birmingham #construction #Propertydevelopmet pic.twitter.com/fEwbEFiKZs— Torsion Group (@TorsionGroup) August 22, 2024
At the time of its collapse, a further £303 million worth of work was still under construction, according to the Torsion Construction website.
Torsion Construction ceases trading after falling into administration
After more than 11 years in business, Torsion Construction has ceased trading, having fallen into administration.
James Clark and Howard Smith of Interpath were appointed joint administrators on July 29.
Like many firms in the construction sector, Torsion had been under liquidity pressures linked to delayed capital events, contract margin pressure, and rising input costs.
A broader downturn in the market compounded the company’s financial difficulties, Interpath explained.
Mr Clark, managing director at Interpath and joint administrator of Torsion Construction, said: “Torsion Construction has faced many of the immense challenges that have confronted leadership teams right across the sector.
“Despite its efforts to find a sustainable solution and protect its clients from those pressures, the business’ liquidity ran out of road.
“With regret, Torsion Construction could not continue in its current form and was left with no other option but to cease trading.
“We have a team providing the appropriate information and support to staff as we work through an orderly wind down of operations.”
The business ceased trading upon entering administration, with the majority of staff made redundant.
A small number of employees have been retained to support the administrators during the winding-down process.
Other UK companies that have closed or entered administration/liquidation in 2026
It has been a tough year for the UK high street, with several other retailers entering administration or liquidation and others announcing widespread store closures.
Major high street brands LK Bennett, Claire’s, and Quiz have been forced to close all their remaining stores after falling into administration.
UK fashion retailer Leading Labels is also set to close its remaining 15 stores after falling into liquidation.
Whitbread recently confirmed it will be closing all its UK restaurants in September:
TG Jones and the British Heart Foundation will also both be closing around 150 stores across the UK.
Other retailers have been forced to close stores this year, including:
The company responsible for iconic British bikemaker Raleigh, Accell Group, also filed for administration this week, putting the 139-year-old British bikemaker at risk of closing.
Several UK travel companies have also ceased trading or entered administration in 2026:
Meanwhile, four UK airlines have fallen into administration or liquidation:
What has a nose, wings and runs off of hydrogen? Ecojet 😎 pic.twitter.com/y8QGiBdFe2
— ecotricity (@ecotricity) July 17, 2023
UK delivery company Yodel is set to be phased out after being acquired by InPost.
It’s also been reported that Morrisons is looking to sell some of its in-store pharmacies as it continues to cut costs.
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It hasn’t all been bad news for the UK high street, with several major brands announcing new store openings for 2026, including Aldi, M&S, and Superdrug.
Meanwhile, brands including Evans and Bodycare have returned to the UK high street this year after previously closing all their stores.
Which business/store closure in 2026 has impacted you the most? Let us know in the comments below.
